Forget the hype of BABA stock - these three Chinese companies are already proving their worth

Are you excited about Chinese e-commerce giant Alibaba (BABA) and its coming IPO?

If you aren’t, then you’re likely in a very small minority. Indeed, the Alibaba IPO will almost certainly be the biggest initial public offering ever, and just about everyone is going to want a piece of the BABA stock pie. At a top-end valuation estimate near $250 billion, the Alibaba IPO likely will be a defining event signifying the rising dominance of China, and its new lead role in global wealth creation.

Now, in case you weren’t yet aware, Alibaba basically is a combination of e-commerce giant Amazon.com (AMZN) and retail behemoth Walmart (WMT). In other words, just about anything a consumer wants can be purchased at Alibaba, and usually at an attractive price point.

Yet for all of the hype about the size of the Alibaba IPO, which now looks like it will price after Labor Day, there are other Chinese stocks that are anything but hype. In fact, I think several Chinese stocks out there will be better than BABA stock, as they represent companies that already have proven themselves to be big winners and have the underlying businesses and financials to keep rewarding shareholders.